People
Ross Beal – Founding Partner
With over twenty five years of experience in the field of commercial real estate, Mr. Beal has developed a broad range of skills in all aspects of both management and development. As President and Founder of Parkstone Management Services, Inc., (1989) Parkstone is principally engaged in asset management and development of a commercial real estate portfolio with a market value of in excess of $750,000,000. As Founding Partner of Parkstone Capital Management, an investment arm of Parkstone Companies, Ross has been actively involved in the investment and development of commercial properties in Southern California. Development and investment activities for both in-house and third party contracts have included in excess of two million square feet of retail and office projects. Ross holds a Degree in Business from the University of the Pacific and a California Real Estate License.
Mike Penrod – Founding Partner
With over twenty five years of experience in the field of commercial real estate, Mr. Penrod has a wide range of skills with an emphasis on retail and industrial commercial property development. While at Parkstone, Mr. Penrod has successfully entitled and developed a 360,000 square foot regional power center in Camarillo, California, entitled a 26 acre auto dealer project, developed an 8 acre 56,000 square foot specialty retail center, and has successfully repositioned two existing office projects totaling 240,000 square feet and a 110,000 square foot neighborhood center. He has also been involved in more than $36 million of real property acquisitions and dispositions. He is currently responsible for development of a 160,000 square foot office and 83 unit residential project in South Santa Barbara County and the development of a 10 acre neighborhood retail center in Oxnard. The regional office in Ventura is managing over 1,500,000 square feet of office, retail and industrial projects.
Norm Reynolds – Partner
Norm began his career in commercial real estate as a mortgage banking loan officer with the Alison Company and Alison Mortgage Investment Trust in Los Angeles. He has played a variety of roles in the commercial real estate industry for the past thirty plus years. Having switched sides from lender to the borrowing side, Norm has initiated the development of projects from land acquisition, entitlement, design coordination, and construction management coordination. Since 1984 he has lived in San Diego, and been involved in properties in the Coachella Valley, Riverside County, Orange County as well as San Diego County. Norm’s expertise includes office and industrial leasing, retail leasing, sales brokerage, property management, and financing as a mortgage broker. Norm has a Bachelor of Science Degree from the University of Southern California, School of Business. He is active as a member of NAIOP and the San Diego County Commercial Association of Realtors.
Chris Vassar – Partner / CFO
Chris has twenty years of accounting experience in both public and private practice. He is a qualified professional in the areas of taxation, accounting and business consulting. Mr. Vassar currently serves clients in real estate management and operations. He manages the company’s financial services engagements and, as a result, has developed a broad range of experience in the investment field in both real estate and software. Prior to joining Parkstone Companies in 1993, Mr. Vassar spent eight years with Mobil Oil Corporation where he served as Internal Controls Manager and as a Cash Management Specialist from 1985 through 1992. Mr. Vassar was the lead advisor and acting controller in Mobil’s acquisition of Newmont Oil Company in 1988. Chris holds a Bachelor of Business Administration Degree from Stephen F. Austin State University and a Masters of Business Administration, from the University of Texas. In addition, Chris is a Certified Public Accountant (inactive in Texas) and enrolled in Tax Agent (IRS), Series 6 Security License.
David Basson – Senior Property Manager – San Diego
David joined Parkstone in 1996 to focus on growing the property management portfolio of the San Diego office. David is responsible for coordinating the management, leasing, lease administration, tenant improvement construction and financial management for both office and retail properties. During his time with Parkstone Companies, David has expanded his hands on experience in the physical management, financial management, & marketing of commercial real estate. David holds of Bachelor of Commerce from the University of the Witwatersrand, South Africa and a California Real Estate License.
Cathy Thompson – Senior Property Manager – Westlake
With over fifteen years in the property management business, the last ten dealing specifically with commercial properties, Cathy oversees the management of office, retail and industrial projects in Ventura County. Her duties include tenant retention, lease administration, rent collections, lease negotiations, preparation of leases, physical plant maintenance and project budget development and administration. In addition, Cathy has extensive knowledge in the management of receivership and REO properties. While managing receivership and REO properties, Cathy has worked with clients such as Home Savings of America, American Savings, Regency Savings, OCWEN Financial Corporation, Fairfield Financial, Highland Federal Bank, Coast Federal Bank and Santa Monica Bank. Cathy holds a California Real Estate License.